A survey of corporate economists predicts the economy will expand over the next year, although the pace of growth will decline and employers are facing pressure to raise wages, spend more on worker training and automate tasks because of the low unemployment rate.
Just 53% of the economists polled for the National Association for Business Economics’ April survey, released Monday, expect the economy to grow by more than 2% this year, down from 67% who felt that way in January. The results from the survey suggest a sharp slowdown after the Commerce Department reported Friday that the economy grew at a strong 3.2% during the first quarter.
